Issues in the development of early solution facilities for very large macroeconometric models

Issue title: Computational Econometrics: Its Impact on the Development of Quantitative Economics

Guest editors: Charles G. Renfro

Article type: Research Article

Authors: McCracken, Michael C.^a | May, Keith^a

Affiliations: [a] Informetrica Limited, P.O. Box 828, Station B, Ottawa, Ontario, Canada K1P 5P9. E-mail: staff@informetrica.com | 601 West 113th Street, #12G, New York, NY 10025, USA. E-mail: cgrenfro@modler.com

Abstract: The SIMSYS simulation system was first developed at the Economic Council of Canada in 1970/71 to support its development of the large-scale CANDIDE econometric model. The size of the model raised many concerns, particularly about the "correctness" of the model implementation, equation ordering and run-time performance. This article describes the modeling language and coding scheme used in SIMSYS to address these issues.

DOI: 10.3233/JEM-2004-0230

Journal: Journal of Economic and Social Measurement, vol. 29, no. 1-3, pp. 167-171, 2004